Teachers Retirement System of The State of Kentucky Has $3.44 Million Stake in Vantiv, Inc. (VNTV)
Teachers Retirement System of The State of Kentucky decreased its position in Vantiv, Inc. (NYSE:VNTV) by 7.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,315 shares of the business services provider’s stock after selling 4,276 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Vantiv were worth $3,440,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC purchased a new stake in shares of Vantiv in the 1st quarter valued at approximately $230,000. GAM Holding AG grew its stake in shares of Vantiv by 41.6% in the 2nd quarter. GAM Holding AG now owns 20,573 shares of the business services provider’s stock valued at $1,303,000 after buying an additional 6,045 shares during the period. NN Investment Partners Holdings N.V. grew its stake in shares of Vantiv by 0.9% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 66,622 shares of the business services provider’s stock valued at $4,219,000 after buying an additional 599 shares during the period. Teachers Advisors LLC grew its stake in shares of Vantiv by 1.8% in the 1st quarter. Teachers Advisors LLC now owns 412,495 shares of the business services provider’s stock valued at $26,449,000 after buying an additional 7,224 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its stake in shares of Vantiv by 0.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 199,510 shares of the business services provider’s stock valued at $12,637,000 after buying an additional 1,178 shares during the period. 80.16% of the stock is owned by institutional investors and hedge funds.
VNTV has been the subject of several analyst reports. Wedbush reissued a “neutral” rating and issued a $65.00 price target (up previously from $60.00) on shares of Vantiv in a research note on Tuesday, June 6th. Zacks Investment Research cut shares of Vantiv from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. KeyCorp cut shares of Vantiv to a “hold” rating in a research note on Monday, June 12th. BidaskClub raised shares of Vantiv from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, Robert W. Baird reissued an “outperform” rating and issued a $72.00 price target on shares of Vantiv in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.48.
Shares of Vantiv, Inc. (VNTV) opened at 70.47 on Friday. Vantiv, Inc. has a 12-month low of $54.38 and a 12-month high of $73.14. The firm’s 50-day moving average is $70.18 and its 200-day moving average is $64.92. The firm has a market capitalization of $11.36 billion, a price-to-earnings ratio of 59.57 and a beta of 0.59.
Vantiv (NYSE:VNTV) last released its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Vantiv had a net margin of 5.58% and a return on equity of 33.54%. The company had revenue of $530.00 million during the quarter, compared to the consensus estimate of $525.12 million. During the same period in the previous year, the firm earned $0.70 earnings per share. Vantiv’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts forecast that Vantiv, Inc. will post $3.35 EPS for the current fiscal year.
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Vantiv, Inc is a holding company. The Company conducts its operations through its subsidiary, Vantiv Holding, LLC. The Company is a payment processor. The Company’s segments include Merchant Services and Financial Institution Services. The Company offers a range of payment processing services that enable its clients to meet their payment processing needs through a single provider.
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